01-25-1994 CC Rpt A14CITY OF CHIN
INCORPORATED 1991
2001 Grand Avenue
Chino Hills, CA 91709
(909) 590-1511 • Fax (909) 590-5646
rLL�'_-_,
APPROVED FOR CITY COUNCI
Finance:r,,--.
City Manager:
JANUARY 10, 1994 14
AGENDA DATE: JANUARY 25, 1994
TO: CITY MANAGER/CITY COUNCIL
FROM: CHRIS A. VOGT, P.E., DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
SUBJECT: PARTIAL BOND REDUCTIONS - TRACT 13906-4, LOS RANCHOS
RECOMMENDATION:
1. Authorize a partial reduction of the faithful performance bond for the
road/drainage, water, sewer, and landscape improvements for Tract 13906-4
located in the City of Chino Hills, Los Ranchos.
2. Accept bond riders reflecting new amounts.
DISCUSSION/JUSTIFICATION:
The original agreements were accepted by the County of San Bernardino on February
20, 1990. Replacement agreements and securities under a new bonding company were
accepted by City Council on August 24, 1993. The developer has requested a partial
reduction of improvement securities for this project. The Public Works Department and
the Parks and Landscape Division has inspected the improvements and agree that the
improvements are 30 - 50 percent complete. The partial reduction of the faithful
performance bond does not affect the labor/material and guarantee/warranty amounts.
These bond amounts will remain in force.
Owner: M.J. Brock & Sons
23382 Mill Creek Drive, Suite 130
Laguna Hills, CA 92653
Reduced Amount: Road/Drainage (132366347)
Water (132366349)
Sewer (B2366348)
Landscape (B2366351)
Council Members
Ed Graham Gary G. Larson Gwenn Norton -Perry
30%
$741,300
50%
$127,500
50%
$65,500
50%
$516,106
Jim Thalman Mike Wickma A/ q
CITY MANAGER/CITY COUNCIL
JANUARY 10, 1994
AGENDA DATE: JANUARY 25, 1994
PAGE TWO
SUBJECT: PARTIAL BOND REDUCTIONS - TRACT 13906-4, LOS RANCHOS
REVIEW BY OTHERS:
This item was reviewed by Steve Wright, Traffic Engineer; John Greenhut, Parks and
Landscape Manager; and Linda LaPorte, Development Services Technician.
FINANCIAL IMPACT:
There is no financial impact.
Respectfully submitted,
CHRIS A. VOGT, P.E., DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
CAV/LL/tr
Attachments
TERESA\AG EN DA: PARTIAL2. LL
Im
TRACT 13906-4
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C. ENGINEERS, INC. A(ARCN 10,00
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